Superbet Buys Fellow Gambling Op Napoleon to Expand Regulated Footing
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Romanian gambling operator Superbet has acquired Belgian peer Napoleon Sports & Casino. The deal is worth between €350 million and €400 million. SuperBet will buy 100% of Napoleon's shares from its current owner, investment fund Waterland Private Equity Investments. Napoleon provides casino and sports betting services both at land-based establishments and online.
Superbet buys fellow gambling operation Napoleon to generate additional revenues from regulated markets. Napoleon Sports & Casino CEO Tim de Borle is excited about the deal. Waterland, a pan-European investment fund, has owned Napoleon for the past six years. Last year, Superbet acquired a 60% stake in online casino operator Lucky7.
